Comcast Corporation (CMCSA) Position Cut by Stillwater Investment Management LLC
Stillwater Investment Management LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,165 shares of the cable giant’s stock after selling 1,932 shares during the quarter. Comcast Corporation comprises 1.3% of Stillwater Investment Management LLC’s portfolio, making the stock its 17th largest holding. Stillwater Investment Management LLC’s holdings in Comcast Corporation were worth $2,692,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares in the last quarter. Zions Bancorporation boosted its stake in Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Comcast Corporation during the 1st quarter valued at $112,000. Founders Capital Management bought a new position in Comcast Corporation during the 1st quarter valued at $113,000. Finally, Pacific Center for Financial Services boosted its stake in Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after purchasing an additional 1,788 shares in the last quarter. 82.02% of the stock is owned by institutional investors and hedge funds.
CMCSA has been the subject of a number of research reports. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Pivotal Research reaffirmed a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a research note on Tuesday, June 27th. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Comcast Corporation in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.83.
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In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.28% of the stock is owned by insiders.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.50% during mid-day trading on Wednesday, hitting $38.09. The stock had a trading volume of 12,679,849 shares. The company has a 50-day moving average price of $40.17 and a 200 day moving average price of $39.19. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market cap of $179.53 billion, a P/E ratio of 19.19 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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